Updated Oct 28, 2024
Birchwood Group Sells Development Site In Delray Beach For $3.9M
10069 La Reina Road, Delray Beach, Florida 33446, United States
$3,900,000
$97/SF
Building Size
40,000 SF
Asset Type
Development Site
Closing
Mar 23, 2022
About this deal
AI
Located in Delray Beach, the development site at 10069 La Reina Rd has recently been sold for a total price of $3,900,000. Spanning across 40,000 square feet, the property boasts a buildable square footage (BSF) of 275,735, equating to a price per buildable square foot (PPBSF) of $14. The sale price per square foot (PPSF) stands at $98. The transaction took place on March 24, 2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,900,000
- Address: 10069 La Reina Rd, Delray Beach
- Market: Delray Beach
The Birchwood Group acted as the seller in this deal, while the buyer's representative was Alan Kaye from Transworld Commercial, along with Katia Reisler and Marina Bartashnik from Douglas Elliman.
On the Map
$3,900,000
$97/SF
Development Site
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Delray Beach Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93